Sub-saharan Africa’s growth to reach 2.6% in 2017 – World Bank | Touch Latest Local,World,Tech,Entertainment,Health,Sport News
19 September 2017 00:00:00 AM Breaking News

• BUSINESS

Sub-saharan Africa’s growth to reach 2.6% in 2017 – World Bank

Image result for Sub-saharan Africa's growth to reach 2.6% in 2017 - World BankSub-Saharan Africa’s growth is showing signs of recovery this year as the World Bank estimates that GDP growth will rise to 2.6 percent in 2017 compared to 1.3 percent last year and rise further to 3.2 percent in 2018.

Albert Zeufack, Africa region chief economist at World Bank said the growth is attributed to a rise in global commodity prices, improving global economic performance and accommodative domestic conditions.

Zeufack,added that the economies of Angola, Nigeria and South Africa, which make up 60 percent of GDP, were recovering but at a weak pace and per capita income was growing in negative terms.

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